Form 4: MSC Industrial Direct Co. Inc. Executive Exercises Stock Options and Sells Shares for Tax Obligations

Kristen Actis-Grande, EVP & Chief Financial Officer of MSC Industrial Direct Co. Inc., exercised restricted stock units (RSUs) and dividend equivalent units (DEUs), and subsequently sold shares to cover tax withholding obligations.

Summary

• On November 6, 2024, Kristen Actis-Grande, the EVP & Chief Financial Officer of MSC Industrial Direct Co. Inc., exercised 1,379 Restricted Stock Units (RSUs) and 277.626 Dividend Equivalent Units (DEUs), each convertible to one share of Class A Common Stock.
• Following the exercise of these units, Ms. Actis-Grande disposed of 479.626 shares of Class A Common Stock at a price of $88.79 to cover tax withholding obligations.
• After these transactions, Ms. Actis-Grande beneficially owns 12,645 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the sale of shares by an executive, which could slightly increase the available float.

Key Dates